Market crash: are we there yet ?

[sailaway21]

It was nice that Rick, before he departed, was kind enough to admit that his posts were on Bush. I was one of the unfortunates that somehow got the impression that he was posting on the economy. Silly me. Based upon Rick's sound advise, I'm going to buy as many stocks as I can because the economy is going to take off like a Harpoon missile on 21 January 2009. (g)

[cardiacpaul]

wow, I guess the sky really is falling.
on jan. 16th, the DJIA opened at 12,476
today it closed at 12,270.

oh my aching head, a net down turn of 200 points, in a week! Rick was right everybody, we're going to hell in a handbacket! i gotta go to walmart before they sell out of cheetos!
its gotta be bushs fault.
all this drivel makes my azz ache.

[sailingdog]

CP-

You're already a basket case... Make sure you don't run out of cheetos...the orange cheeze is good for you.

[cardiacpaul]

its the preservatives that I'm going for, I need all the artificial help I can get!

[chris_gee]

Well on the one side we have comment like "The current crisis in the world financial markets is the worst "in 60 years", billionaire investor George Soros wrote in the Financial Times today." and "Investors skeptical of U.S. stimulus package, says IMF's Strauss-Kahn; an American recession would spread globally, he warns.

The head of the International Monetary Fund called the global economic situation "serious" and said markets worldwide had responded skeptically to a U.S. stimulus plan." I don't think either used the term "the world is coming to an end." Nor did they say "but it won't hurt me because I am a prudent squirrel."

On the other side we have a collection of conservatives who seem to think that where once they could rely on the Greenspan put to prop up the market now they can rely on the Bernanke put and Ben's helicopters. Such intervention being, of course, costless, well virtually - paper is cheap.

Some might think it a little premature to get too excited after a bounce after the biggest cut in what 20 years with more to come. Sorry CP, volatility is very high so there will be swings.

Sailaway presumably remembers 62-82 when the market was down 22% and around 77% in real terms before the latest run but let's hope his 20 year guess or even 1 year guess is better than his end of 07 prediction of 15000.

He could be right there is only one cockroach.

[bestfriend]

Originally Posted by cardiacpaul

its the preservatives that I'm going for, I need all the artificial help I can get!

carve a hole in the cheetos and put your pills in there. Lots of fun, I tried it!

[sailaway21]

Seven economists with jobs explain what they think is going on and what, if anything, should be done about it. http://article.nationalreview.com/?q...TY2YmQ=&w=MA==

[artbyjody]

Originally Posted by sailaway21

Seven economists with jobs explain what they ...

Betcha they do not have jobs tomorrow...

[Stillraining]

has become the American Expectation.

Not every body deserves there own house. Some will let it fall in on there heads rather then fix anything. Or some just plain cant afford them. We have become such a socially orientated America that is guilt ridden toward seeing everyone prosper and a mentality that is really close to the "Idealistic communism" of Stalin. As long as their getting and not loosing that is. ( Read, "well if you have one I should be able to have one" mentality)

I don't think people should have to live is sweller unless they want to but if they do let them. By that I mean if you don't work for it you don't get it. Handicapped people excluded.

It's the American dream not the American Guarntee.

I also feel for people caught in the ARM debacle about as much as flood victims who choose to live under a dike or Levey. There is no common sense for ether and if you get in trouble dont cry to the government to bail you out. No pun intended.

If I sound harsh that because I raise my kids to not expect anything given to them, you have to fight for it. I have almost went bankrupt 3 times in my life. I try to Pay cash for everything except my house. And I have still almost lost that twice. The principal of money is not taught in our schools or our homes to our kids and we wonder why they/we have such a hard time with it.

My dad did not give me one word of instruction about money or how interest works...That's not a mistake I have passed on.

Teach your kids.. If you dont who will..

Lock in your interest & Build on a hill ( figuratively speaking )

[artbyjody]

Originally Posted by Stillraining

has become the American Expectation.

Not every body deserves there own house. Some will let it fall in on there heads rather then fix anything. Or some just plain cant afford them. We have become such a socially orientated America that is guilt ridden toward seeing everyone prosper and a mentality that is really close to the "Idealistic communism" of Stalin. As long as their getting and not loosing that is. ( Read, "well if you have one I should be able to have one" mentality)

I don't think people should have to live is sweller unless they want to but if they do let them. By that I mean if you don't work for it you don't get it. Handicapped people excluded.

It's the American dream not the American Guarntee.

I also feel for people caught in the ARM debacle about as much as flood victims who choose to live under a dike or Levey. There is no common sense for ether and if you get in trouble dont cry to the government to bail you out. No pun intended.

If I sound harsh that because I raise my kids to not expect anything given to them, you have to fight for it. I have almost went bankrupt 3 times in my life. I try to Pay cash for everything except my house. And I have still almost lost that twice. The principal of money is not taught in our schools or our homes to our kids and we wonder why they/we have such a hard time with it.

My dad did not give me one word of instruction about money or how interest works...That's not a mistake I have passed on.

Teach your kids.. If you dont who will..

Lock in your interest & Build on a hill ( figuratively speaking )

Unless you are boasting on how tall you are and how you can handle halyards with your mere empowerment - yea should see the [already moved - superpowers at work]..or pm Dr Phil aka Chuckles for your money...damn you drunker than I am...and word of advice - stop drinking Redmond tap water....